Palm oil average selling prices likely to stay high
KUALA LUMPUR: Research firms foresee another quarter of strong earnings growth for the plantation sector, supported by higher crude palm oil (CPO) average selling prices (ASPs).
The plantation industry’s core profit after tax and minority interests for the first quarter (1Q22) were higher year-on-year (y-o-y) for the ninth consecutive quarter, lifted by record CPO and palm kernel ASPs.
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